NPORT-EX 2 Chartwell_NPORT_Part_F.htm HTML

CARILLON CHARTWELL INCOME FUND

SCHEDULE OF INVESTMENTS

March 31, 2023 (Unaudited)

 

 

     
COMMON STOCKS - 20.1%        Shares           Value
Communications - 0.8%  

Telecommunications - 0.8%

  

Verizon Communications, Inc.

      77,500                $           3,013,975        
    

 

 

 

Consumer Discretionary - 2.6%  

Apparel & Textile Products - 0.5%

  

Columbia Sportswear Company

      17,935       1,618,454  
    

 

 

 

Automotive - 0.6%

  

Harley-Davidson, Inc.

      59,248       2,249,647  
    

 

 

 

Home Construction - 0.7%

  

Masco Corporation

      53,000       2,635,160  
    

 

 

 

Leisure Facilities & Services - 0.8%

  

Las Vegas Sands Corporation (a)

      50,000       2,872,500  
    

 

 

 

Consumer Staples - 1.6%

 

Beverages - 0.6%

  

Coca-Cola Company (The)

                  35,000       2,171,050  
    

 

 

 

Food - 1.0%

  

Conagra Brands, Inc.

      101,139       3,798,781  
    

 

 

 

Financials - 2.1%  

Banking - 1.2%

  

Huntington Bancshares, Inc.

      170,000       1,904,000  

PNC Financial Services Group, Inc. (The)

      19,000       2,414,900  
    

 

 

 

       4,318,900  
    

 

 

 

Institutional Financial Services - 0.9%

  

Morgan Stanley

      38,000       3,336,400  
    

 

 

 

Health Care - 3.0%  

Biotech & Pharma - 2.0%

  

AbbVie, Inc.

      22,500       3,585,825  

CARILLON CHARTWELL INCOME FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
COMMON STOCKS - 20.1%  (Continued)        Shares           Value
Health Care - 3.0%  (Continued)  

Biotech & Pharma - 2.0%  (Continued)

  

Bristol-Myers Squibb Company

                  52,000                $           3,604,120        
    

 

 

 

       7,189,945  
    

 

 

 

Health Care Facilities & Services - 0.5%

  

Tenet Healthcare Corporation (a)

      34,000       2,020,280  
    

 

 

 

Medical Equipment & Devices - 0.5%

  

Danaher Corporation

      7,300       1,839,892  
    

 

 

 

Industrials - 2.9%

 

Electrical Equipment - 0.6%

  

Littelfuse, Inc.

      8,388       2,248,739  
    

 

 

 

Machinery - 2.3%

  

Mueller Water Products, Inc. - Series A

      205,000       2,857,700  

Regal Rexnord Corporation

      15,215       2,141,207  

Snap-on, Inc.

      14,581       3,599,903  
    

 

 

 

       8,598,810  
    

 

 

 

Materials - 5.7%

 

Metals & Mining - 5.7%

  

Alamos Gold, Inc. - Class A

      635,000       7,766,050  

Centerra Gold, Inc.

      320,000       2,067,006  

Hecla Mining Company

      685,000       4,336,050  

OceanaGold Corporation

      900,000       2,230,821  

SSR Mining, Inc.

      315,000       4,762,800  
    

 

 

 

       21,162,727  
    

 

 

 

Real Estate - 0.3%

 

Real Estate Services - 0.3%

  

AGNC Investment Corporation

      100,000       1,008,000  
    

 

 

 

CARILLON CHARTWELL INCOME FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
COMMON STOCKS - 20.1%  (Continued)        Shares           Value

Technology - 1.1%

 

Technology Hardware - 1.1%

  

Ciena Corporation (a)

                  74,692                $           3,922,824        
    

 

 

 

Total Common Stocks (Cost $68,771,216)

 

        $ 74,006,084  
 

 

 

 

    
     
EXCHANGE-TRADED FUNDS - 1.6%        Shares           Value

iShares Silver Trust (a)

      180,000          $ 3,981,600  

SPDR Gold Shares (a)

      11,000       2,015,420  
    

 

 

 

Total Exchange-Traded Funds (Cost $5,145,431)

 

        $ 5,997,020  
    

 

 

 

    
     
PREFERRED STOCKS - 1.5%        Shares           Value

Financials - 0.6%

 

Specialty Finance - 0.6%

  

Annaly Capital Management, Inc., Series F, 8.66% (b)

      96,929          $ 2,288,494  
    

 

 

 

Real Estate - 0.9%

 

REITs - 0.9%

  

Rithm Capital Corporation, Series C, 6.375% (b)

      173,000       3,273,160  
    

 

 

 

Total Preferred Stocks (Cost $5,378,329)

 

        $ 5,561,654  
 

 

 

 

    
     
CORPORATE BONDS - 23.8%    Par Value       Value
Communications - 1.9%         

Consolidated Communications Holdings, Inc., 6.50% due 10/1/2028 (c)

      $    1,385,000          $ 1,003,846  

WarnerMedia Holdings, Inc., 6.41% due 3/15/2026

      2,535,000       2,547,799  

WarnerMedia Holdings, Inc., 5.14% due 3/15/2052 (c)

      4,393,000       3,559,355  
    

 

 

 

       7,111,000  
    

 

 

 

CARILLON CHARTWELL INCOME FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
CORPORATE BONDS - 23.8% (Continued)    Par Value       Value
Consumer Discretionary - 2.3%         

Affinity Gaming, 6.88% due 12/15/2027 (c)

      $    1,215,000                  $          1,083,804        

Ford Motor Credit Company, LLC, 4.54% due 8/1/2026

      2,380,000       2,256,240  

General Motors Financial Company, Inc., 5.65% due 1/17/2029

      1,424,000       1,440,855  

Kohl’s Corporation, 5.55% due 7/17/2045

      1,844,000       1,065,279  

QVC, Inc., 5.95% due 3/15/2043

      1,440,000       522,000  

StoneMor, Inc., 8.50% due 5/15/2029 (c)

      1,520,000       1,168,500  

Sugarhouse HSP Gaming, 5.88% due 5/15/2025 (c)

      780,000       744,900  
    

 

 

 

       8,281,578  
    

 

 

 

Consumer Staples - 0.7%         

JBS USA Lux S.A., 5.13% due 2/1/2028 (c)

      2,695,000       2,602,642  
    

 

 

 

Energy - 3.8%         

Blue Racer Midstream, LLC/Blue Racer Finance Corporation, 6.63% due 7/15/2026 (c)

      1,278,000       1,239,660  

Colgate Energy Partners III, LLC, 7.75% due 2/15/2026 (c)

      1,200,000       1,203,000  

Earthstone Energy Holdings, LLC, 8.00% due 4/15/2027 (c)

      1,680,000       1,630,151  

Energy Transfer Operating, L.P., 7.13% (H15T5Y + 530.6), due
5/15/2165 (b)(d)

      3,808,000       3,202,528  

EnLink Midstream Partners, L.P., 4.85% due 7/15/2026

      1,115,000       1,073,187  

Genesis Energy, L.P., 6.50% due 10/1/2025

      1,340,000       1,298,121  

Parkland Fuel Corporation, 5.88% due 7/15/2027 (c)

      1,198,000       1,162,168  

Plains All American Pipeline, L.P., 3.80% due 9/15/2030

      2,050,000       1,825,680  

Summit Midstream Holdings, LLC/Summit Midstream Finance Corporation, 8.50% due 10/15/2026 (c)

      1,375,000       1,320,000  
    

 

 

 

       13,954,495  
    

 

 

 

Financials - 5.4%         

Ares Capital Corporation, 4.20% due 6/10/2024

      2,655,000       2,564,927  

Ares Capital Corporation, 3.25% due 7/15/2025

      2,965,000       2,706,838  

Citizens Financial Group, Inc., 6.00% (3MO LIBOR + 300.3), due 12/31/2099 (b) (d)

      2,385,000       2,043,407  

Lincoln National Corporation, 3.05% due 1/15/2030

      2,180,000       1,786,499  

NMI Holdings, Inc., 7.38% due 6/1/2025 (c)

              865,000       866,131  

Owl Rock Capital Corporation, 3.40% due 7/15/2026

      2,775,000       2,450,185  

PennyMac Corporation, 5.50% due 3/15/2026

      3,750,000       3,253,809  

PRA Group, Inc., 5.00% due 10/1/2029 (c)

      1,440,000       1,204,683  

CARILLON CHARTWELL INCOME FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
CORPORATE BONDS - 23.8% (Continued)    Par Value       Value
Financials - 5.4%  (Continued)         

Provident Funding Associates, L.P./PFG Finance Corporation, 6.38% due 6/15/2025 (c)

      $    1,649,000                $           1,456,954        

Starwood Property Trust, Inc., 3.63% due 7/15/2026 (c)

      980,000       814,360  

StoneX Group, Inc., 8.63% due 6/15/2025 (c)

      774,000       777,902  
    

 

 

 

       19,925,695  
    

 

 

 

Health Care - 1.1%         

Amgen, Inc., 5.15% due 3/2/2028

      1,750,000       1,786,787  

CVS Health Corporation, 5.00% due 2/20/2026

      1,460,000       1,476,396  

Prime Healthcare Services, Inc., 7.25% due 11/1/2025 (c)

              930,000       822,845  
    

 

 

 

       4,086,028  
    

 

 

 

Industrials - 2.9%         

American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.50% due 4/20/2026 (c)

      2,295,000       2,258,537  

BlueLinx Holdings, Inc., 6.00% due 11/15/2029 (c)

      825,000       681,054  

Boeing Company (The), 5.15% due 5/1/2030

      1,400,000       1,408,753  

Brundage-Bone Concrete Pumping Holdings, Inc., 6.00% due 2/1/2026 (c)

      1,865,000       1,748,344  

Delta Air Lines, Inc., 7.38% due 1/15/2026

      168,000       174,811  

Gates Global, LLC/Gates Corporation, 6.25% due 1/15/2026 (c)

      1,310,000       1,287,075  

Harsco Corporation, 5.75% due 7/31/2027 (c)

      980,000       769,339  

JPW Industries Holding Corporation, 9.00% due 10/1/2024 (c)

      1,045,000       909,341  

Railworks Holdings, L.P./Railworks Rally, Inc., 8.25% due 11/15/2028 (c)

      1,470,000       1,367,100  
    

 

 

 

       10,604,354  
    

 

 

 

Materials - 2.2%         

Compass Minerals International, Inc., 4.88% due 7/15/2024 (c)

      1,235,000       1,172,842  

Fortress Transportation & Infrastructure Investors, LLC, 9.75% due 8/1/2027 (c)

      2,025,000       2,136,557  

GDP Companies, Inc., 10.13% due 4/1/2026 (c)

      1,183,000       1,075,643  

IAMGOLD Corporation, 5.75% due 10/15/2028 (c)

      2,100,000       1,622,250  

JW Aluminum Continuous Cast Company, 10.25% due 6/1/2026 (c)

      1,195,000       1,197,987  

CARILLON CHARTWELL INCOME FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
CORPORATE BONDS - 23.8% (Continued)    Par Value       Value
Materials - 2.2%  (Continued)         

Schweitzer Mauduit International, Inc., 6.88% due 10/1/2026 (c)

      $    1,140,000                  $          1,043,160        
    

 

 

 

       8,248,439  
    

 

 

 

Real Estate - 0.8%         

Greystar Real Estate Partners, LLC, 5.75% due 12/1/2025 (c)

      1,355,000       1,319,851  

Safehold Operating Partnership, L.P., 2.85% due 1/15/2032

      2,175,000       1,689,686  
    

 

 

 

       3,009,537  
    

 

 

 

Technology - 2.3%         

Dell International, LLC/EMC Corporation, 6.20% due 7/15/2030

      1,370,000       1,428,720  

Hewlett Packard Enterprise Company, 6.35% due 10/15/2045

      2,414,000       2,541,656  

Likewize Corporation, 9.75% due 10/15/2025 (c)

      1,250,000       1,136,062  

Oracle Corporation, 3.95% due 3/25/2051

      2,530,000       1,903,768  

Oracle Corporation, 6.90% due 11/9/2052

      1,355,000       1,518,774  
    

 

 

 

       8,528,980  
    

 

 

 

Utilities - 0.4%         

NSG Holdings, LLC, 7.75% due 12/15/2025 (c)

      699,319       688,829  

Suburban Propane Partners, L.P., 5.88% due 3/1/2027

              785,000       761,525  
    

 

 

 

       1,450,354  
    

 

 

 

Total Corporate Bonds (Cost $95,295,143)

 

          $        87,803,102  
 

 

 

 

    
     
ASSET-BACKED SECURITIES - 1.6%    Par Value       Value

Colony American Finance Ltd., Series 2019-3, 2.71% due 10/15/2052 (c)

      $    1,479,355            $          1,398,844  

Latitude Management Real Estate Investors, Inc., Series 2019-CRE3, 6.02% (1MO LIBOR + 140), due 12/22/2035 (b) (c)

      1,340,561       1,338,016  

NRZ Excess Spread-Collateralized Notes, Series 2020-PLS1, 3.84%, due 12/25/2025 (c)

      772,830       721,360  

NRZ Excess Spread Collateralized Notes, Series 2021-FHT1, 3.10% due 7/25/2026 (c)

      428,664       385,364  

NRZ Excess Spread Collateralized Notes, Series 2021-GNT1, 3.47% due 11/25/2026 (c)

      2,243,460       2,046,593  
    

 

 

 

Total Asset-Backed Securities (Cost $6,264,789)

 

          $          5,890,177  
 

 

 

 

CARILLON CHARTWELL INCOME FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
MORTGAGE-BACKED SECURITIES - 19.3%    Par Value       Value
Agency Fixed Rate - 6.7%      

Federal Home Loan Mortgage Corporation
Pool #ZA-5269, 3.00%, due 2/1/2048

      $       815,387                  $             743,146        

Federal Home Loan Mortgage Corporation
Pool #ZN-6606, 3.00%, due 6/1/2049

      949,833       860,631  

Federal Home Loan Mortgage Corporation
Pool #SD-0144, 3.00%, due 11/1/2049

      441,320       399,362  

Federal Home Loan Mortgage Corporation
Pool #QA-7416, 3.00%, due 2/1/2050

      3,351,296       3,036,614  

Federal National Mortgage Association
Pool #BN0356, 3.00%, due 12/1/2033

      1,001,216       953,443  

Federal National Mortgage Association
Pool #BP6565, 2.50%, due 8/1/2040

      2,088,831       1,863,446  

Federal National Mortgage Association
Pool #BP6638, 2.50%, due 8/1/2040

      2,034,767       1,815,214  

Federal National Mortgage Association
Pool #CA4128, 3.00%, due 9/1/2049

      1,285,055       1,164,427  

Federal National Mortgage Association
Pool #FM1526, 3.00%, due 9/1/2049

      1,804,155       1,631,903  

Federal National Mortgage Association
Pool #B03192, 3.00%, due 10/1/2049

      1,863,613       1,688,678  

Federal National Mortgage Association
Pool #BO8653, 3.00%, due 2/1/2050

      2,056,895       1,863,812  

Federal National Mortgage Association
Pool #BT1862, 2.50%, due 7/1/2051

      4,922,470       4,247,872  

Federal National Mortgage Association
Pool #MA4392, 2.50%, due 7/1/2051

      3,261,598       2,745,437  

Federal National Mortgage Association
Pool #FS0195, 2.50%, due 1/1/2052

      2,034,184       1,759,390  
    

 

 

 

       24,773,375  
    

 

 

 

Commercial - 12.6%      

Agate Bay Mortgage Loan Trust, Series 2016-2,
3.50%, due 3/25/2046 (c)

      1,036,532       935,047  

BDS Ltd., Series 2019-FL4,
5.701% (1MO LIBOR + 110), due 8/15/2036 (b) (c)

                  40,097       40,011  

Flagstar Mortgage Trust, Series 2020-2,
3.00%, due 8/25/2050 (c)

      868,690       741,054  

CARILLON CHARTWELL INCOME FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
MORTGAGE-BACKED SECURITIES -19.3%  (Continued)    Par Value       Value
Commercial - 12.6%  (Continued)      

Flagstar Mortgage Trust, Series 2021-1,
2.50%, due 2/1/2051 (c)

      $    1,704,875                  $          1,386,011        

Flagstar Mortgage Trust, Series 2021-1,
2.50%, due 2/1/2051 (c)

      2,349,410       1,841,806  

FMC GMSR Issuer Trust, Series 2020-GT1,
4.45%, due 1/25/2026 (c)

      2,265,000       2,076,905  

GS Mortgage Securities Trust, Series 2020-PJ5,
3.00%, due 3/27/2051 (c)

      1,197,373       1,021,742  

GS Mortgage Securities Trust, Series 2021-PJ1,
2.50%, due 6/25/2051 (c)

      3,040,824       2,384,672  

GS Mortgage Securities Trust, Series 2021-PJ2,
2.50%, due 7/25/2051 (c)

      2,725,975       2,137,762  

GS Mortgage Securities Trust, Series 2022-MM1,
2.50%, due 7/25/2052 (c)

      1,756,083       1,509,065  

JPMorgan Mortgage Trust, Series 2020-LTV2,
3.00%, due 11/25/2050 (c)

      197,029       182,691  

JPMorgan Mortgage Trust, Series 2021-4,
2.50%, due 8/25/2051 (c)

      3,793,711       2,978,799  

JPMorgan Mortgage Trust, Series 2021-6,
2.50%, due 10/25/2051 (c)

      3,867,649       3,041,690  

JPMorgan Mortgage Trust, Series 2022-INV3,
3.00%, due 9/25/2052 (c)

      2,282,765       1,939,190  

JPMorgan Wealth Management Trust, Series 2020-ATR1,
3.00%, due 2/25/2050 (c)

                530,218       442,463  

Mello Mortgage Capital Acceptance Trust, Series 2021-MTG3,
2.50%, due 7/1/2051 (c)

      3,740,297       2,913,628  

Onslow Bay Financial, LLC, Series 2021-J1,
2.50%, due 5/25/2051 (c)

      4,154,155       3,261,979  

Onslow Bay Financial, LLC, Series 2019-EXP3,
3.50%, due 10/25/2059 (c)

      832,934       774,789  

Provident Funding Mortgage Trust, Series 2019-1,
3.00%, due 12/25/2049 (c)

      1,221,580       1,047,020  

Rate Mortgage Trust, Series 2021-J1,
2.50%, due 7/25/2051 (c)

      4,122,605       3,237,206  

CARILLON CHARTWELL INCOME FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
MORTGAGE-BACKED SECURITIES -19.3%  (Continued)    Par Value       Value
Commercial - 12.6%  (Continued)      

RMF Buyout Issuance Trust, Series 2020-HB1,
1.72%, due 10/25/2050 (c)

      $    2,014,372                  $          1,868,368        

Rocket Mortgage Trust, Series 2021-1,
2.50%, due 3/25/2051 (c)

      2,107,370       1,657,908  

Rocket Mortgage Trust, Series 2021-2,
2.50%, due 6/25/2051 (c)

      4,746,856       3,727,203  

Rocket Mortgage Trust, Series 2021-4,
2.50%, due 9/25/2051 (c)

      2,526,276       1,987,469  

Rocket Mortgage Trust, Series 2022-2,
2.50%, due 2/25/2052 (c)

      2,988,039       2,567,729  

Sequoia Mortgage Trust, Series 2019-5,
3.50%, due 12/25/2049 (c)

                787,915       710,192  
    

 

 

 

       46,412,219  
    

 

 

 

Total Mortgage-Backed Securities (Cost $85,915,663)

 

          $        71,185,774  
 

 

 

 

    
     
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 24.9%        Par Value       Value
Federal Farm Credit Bank - 1.4%      

Federal Farm Credit Bank, 3.30%, due 3/23/2032

      $    2,975,000                  $          2,706,858        

Federal Farm Credit Bank, 3.80%, due 4/5/2032

      2,850,000       2,664,372  
    

 

 

 

       5,371,230  
    

 

 

 

Federal Home Loan Bank - 1.8%      

Federal Home Loan Bank, 1.15%, due 2/26/2031

      2,400,000       2,010,531  

Federal Home Loan Bank, 1.25%, due 7/7/2031

      5,510,000       4,705,368  
    

 

 

 

       6,715,899  
    

 

 

 

Small Business Administration - 0.8%      

Small Business Administration Participation Certificates,
3.20%, due 3/1/2039

      2,979,528       2,821,297  
    

 

 

 

U.S. Treasury Bills - 3.2%      

U.S. Treasury Bills, 4.65%, due 5/9/2023 (e)

      4,000,000       3,981,770  

CARILLON CHARTWELL INCOME FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
U.S. GOVERNMENT & AGENCY OBLIGATIONS -24.9%  (Continued)    Par Value       Value
U.S. Treasury Bills - 3.2%  (Continued)      

U.S. Treasury Bills, 4.79%, due 5/30/2023 (e)

      $    3,000,000                  $          2,978,055        

U.S. Treasury Bills, 4.90%, due 7/18/2023 (e)

      5,000,000       4,931,431  
    

 

 

 

       11,891,256  
    

 

 

 

U.S. Treasury Bonds - 3.2%      

U.S. Treasury Bonds, 3.75%, due 8/15/2041

      4,950,000       4,942,073  

U.S. Treasury Bonds, 2.88%, due 5/15/2052

      6,535,000       5,590,488  

U.S. Treasury Bonds, 3.00%, due 8/15/2052

      1,550,000       1,361,578  
    

 

 

 

       11,894,139  
    

 

 

 

U.S. Treasury Inflation-Protected Notes - 1.9%      

U.S. Treasury Inflation-Protected Notes, 0.13%, due
4/15/2027

      2,335,779       2,224,707  

U.S. Treasury Inflation-Protected Notes, 0.88%, due
2/15/2047

      5,439,342       4,705,881  
    

 

 

 

       6,930,588  
    

 

 

 

U.S. Treasury Notes - 12.6%      

U.S. Treasury Notes, 1.63%, due 9/30/2026

      8,935,000       8,316,182  

U.S. Treasury Notes, 1.13%, due 8/31/2028

      6,750,000       5,927,080  

U.S. Treasury Notes, 1.13%, due 2/15/2031

      14,355,000       12,087,919  

U.S. Treasury Notes, 1.38%, due 11/15/2031

      13,380,000       11,293,556  

U.S. Treasury Notes, 2.88%, due 5/15/2032

      6,965,000       6,628,177  

U.S. Treasury Notes, 2.75%, due 8/15/2032

      2,210,000       2,079,817  
    

 

 

 

       46,332,731  
    

 

 

 

Total U.S. Government & Agency Obligations (Cost $99,567,590)

 

          $        91,957,140  
 

 

 

 

CARILLON CHARTWELL INCOME FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
MONEY MARKET FUNDS - 6.6%        Shares            Value

Fidelity Institutional Money Market Government Portfolio -
Class I, 4.72% (f) (Cost $24,358,777)

      24,358,777             $          24,358,777  
     

 

 

 

Investments at Value - 99.4% (Cost $390,696,938)

              $        366,759,728  

Other Assets in Excess of Liabilities - 0.6%

         2,029,797  
  

 

 

 

Net Assets - 100.0%

              $        368,789,525        
  

 

 

 

 

(a) 

Non-income producing security.

(b) 

Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of March 31, 2023. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities, therefore, do not indicate a reference rate and spread.

 
(c) 

144A - Securities are purchased under Rule 144A of the Securities Act of 1933 or are private placement and, unless registered under the Securities Act of 1933 or exempted from registration, generally may only be sold to qualified institutional buyers. The total value of such securities is $95,377,448 as of March 31, 2023, representing 25.9% of net assets.

  
(d) 

Security has a perpetual maturity date.

(e) 

Rate shown is the annualized yield at the time of purchase.

(f) 

The rate shown is the 7-day effective yield as of March 31, 2023.

 

H15T5Y

  

- U.S. Treasury Yield curve rate for U.S. Treasury Note with a constant maturity of 5 years’

LIBOR

  

- London Interbank offered Rate

CARILLON CHARTWELL MID CAP VALUE FUND

SCHEDULE OF INVESTMENTS

March 31, 2023 (Unaudited)

 

 

     
COMMON STOCKS - 99.0%        Shares           Value
Communications - 1.7%  

Internet Media & Services - 1.7%

  

Expedia Group, Inc. (a)

      6,898                $              669,313        
    

 

 

 

Consumer Discretionary - 9.1%  

Apparel & Textile Products - 2.8%

  

Columbia Sportswear Company

      12,029       1,085,497  
    

 

 

 

Automotive - 2.5%

  

Harley-Davidson, Inc.

      26,179       994,017  
    

 

 

 

Retail - Discretionary - 3.8%

  

AutoZone, Inc. (a)

      609       1,497,013  
    

 

 

 

Consumer Staples - 7.0%  

Food - 4.4%

  

Conagra Brands, Inc.

      13,290       499,172  

Lamb Weston Holdings, Inc.

                  11,811       1,234,486  
    

 

 

 

       1,733,658  
    

 

 

 

Retail - Consumer Staples - 2.6%

  

Dollar Tree, Inc. (a)

      7,092       1,018,057  
    

 

 

 

Energy - 4.6%  

Oil & Gas Producers - 4.6%

  

Diamondback Energy, Inc.

      4,486       606,372  

Pioneer Natural Resources Company

      5,957       1,216,658  
    

 

 

 

       1,823,030  
    

 

 

 

Financials - 10.9%  

Banking - 3.1%

  

M&T Bank Corporation

      3,084       368,754  

Pinnacle Financial Partners, Inc.

      15,159       836,170  
    

 

 

 

       1,204,924  
    

 

 

 

Insurance - 5.4%

  

Allstate Corporation (The)

      10,772       1,193,645  

Hanover Insurance Group, Inc. (The)

      7,403       951,286  
    

 

 

 

       2,144,931  
    

 

 

 

CARILLON CHARTWELL MID CAP VALUE FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
COMMON STOCKS - 99.0%  (Continued)        Shares           Value
Financials - 10.9% (Continued)  

Specialty Finance - 2.4%

  

Synchrony Financial

      33,037                $              960,716        
    

 

 

 

Health Care - 7.2%  

Health Care Facilities & Services - 5.3%

  

Quest Diagnostics, Inc.

      7,092       1,003,376  

Tenet Healthcare Corporation (a)

      17,790       1,057,082  
    

 

 

 

       2,060,458  
    

 

 

 

Medical Equipment & Devices - 1.9%

  

Avantor, Inc. (a)

      35,973       760,469  
    

 

 

 

Industrials - 21.8%  

Aerospace & Defense - 2.9%

  

L3Harris Technologies, Inc.

      5,897       1,157,227  
    

 

 

 

Electrical Equipment - 3.8%

  

Littelfuse, Inc.

      5,527       1,481,734  
    

 

 

 

Machinery - 12.4%

  

Gates Industrial Corporation plc (a)

      75,536       1,049,195  

Parker-Hannifin Corporation

      4,285       1,440,231  

Regal Rexnord Corporation

                  10,665       1,500,885  

Snap-on, Inc.

      3,613       892,014  
    

 

 

 

       4,882,325  
    

 

 

 

Transportation & Logistics - 2.7%

  

Saia, Inc. (a)

      3,843       1,045,604  
    

 

 

 

Materials - 12.6%

 

Chemicals - 8.7%

  

FMC Corporation

      14,380       1,756,229  

Univar Solutions, Inc. (a)

      48,147       1,686,590  
    

 

 

 

       3,442,819  
    

 

 

 

Construction Materials - 3.9%

  

Vulcan Materials Company

      8,901       1,527,055  
    

 

 

 

CARILLON CHARTWELL MID CAP VALUE FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
COMMON STOCKS - 99.0%  (Continued)        Shares           Value
Real Estate - 9.7%  

REITs - 9.7%

  

Healthcare Realty Trust, Inc.

      42,700                  $             825,391  

Healthpeak Properties, Inc.

      25,437       558,851  

Life Storage, Inc.

      8,510       1,115,576        

Mid-America Apartment Communities, Inc.

      8,794       1,328,246  
    

 

 

 

       3,828,064  
    

 

 

 

Technology - 6.6%

 

Technology Hardware - 3.9%

  

Ciena Corporation (a)

                  29,164       1,531,693  
    

 

 

 

Technology Services - 2.7%

  

DXC Technology Company (a)

      40,977       1,047,372  
    

 

 

 

Utilities - 7.8%

 

Electric Utilities - 7.8%

  

Ameren Corporation

      13,341       1,152,529  

CMS Energy Corporation

      11,101       681,379  

Public Service Enterprise Group, Inc.

      19,855       1,239,945  
    

 

 

 

       3,073,853  
    

 

 

 

Total Common Stocks (Cost $33,855,400)

 

          $        38,969,829  
 

 

 

 

    

 

 

  
     
MONEY MARKET FUNDS - 1.0%        Shares           Value

Fidelity Institutional Money Market Government Portfolio -
Class I, 4.72% (b) (Cost $404,392)

      404,392            $             404,392  
    

 

 

 

Investments at Value - 100.0% (Cost $34,259,792)

 

          $        39,374,221  

Other Assets in Excess of Liabilities - 0.0% (c)

 

     8,957  
 

 

 

 

Net Assets - 100.0%

 

          $        39,383,178  
 

 

 

 

 

(a) 

Non-income producing security.

(b) 

The rate shown is the 7-day effective yield as of March 31, 2023.

(c) 

Percentage rounds to less than 0.1%.

CARILLON CHARTWELL SMALL CAP VALUE FUND

SCHEDULE OF INVESTMENTS

March 31, 2023 (Unaudited)

 

 

     
COMMON STOCKS - 99.3%    Shares   Value
Consumer Discretionary - 16.9%  

Apparel & Textile Products - 1.1%

  

Oxford Industries, Inc.

      15,717               $          1,659,558        
    

 

 

 

Automotive - 2.5%

  

Visteon Corporation (a)

      23,410       3,671,391  
    

 

 

 

Home Construction - 4.4%

  

Masonite International Corporation (a)

      22,197       2,014,822  

Patrick Industries, Inc.

      23,788       1,636,852  

Tri Pointe Homes, Inc. (a)

      109,326       2,768,134  
    

 

 

 

       6,419,808  
    

 

 

 

Leisure Facilities & Services - 6.6%

  

Cheesecake Factory, Inc. (The)

      48,482       1,699,294  

Denny’s Corporation (a)

      171,843       1,917,768  

Jack in the Box, Inc.

      33,441       2,929,097  

Six Flags Entertainment Corporation (a)

             111,945       2,990,051  
    

 

 

 

       9,536,210  
    

 

 

 

Retail - Discretionary - 2.3%

  

Boot Barn Holdings, Inc. (a)

      14,346       1,099,477  

Rush Enterprises, Inc. - Class A

      40,283       2,199,452  
    

 

 

 

       3,298,929  
    

 

 

 

Consumer Staples - 3.7%

 

Food - 3.7%

  

Hain Celestial Group, Inc. (The) (a)

      40,562       695,638  

Hostess Brands, Inc. (a)

      129,116       3,212,406  

Nomad Foods Ltd. (a)

      79,604       1,491,779  
    

 

 

 

       5,399,823  
    

 

 

 

Energy - 3.4%

 

Oil & Gas Producers - 1.5%

  

PDC Energy, Inc.

      33,391       2,143,034  
    

 

 

 

Oil & Gas Services & Equipment - 1.9%

  

ChampionX Corporation

      100,255       2,719,918  
    

 

 

 

CARILLON CHARTWELL SMALL CAP VALUE FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
COMMON STOCKS - 99.3%  (Continued)    Shares   Value
Financials - 20.0%  

Banking - 13.3%

  

Columbia Banking System, Inc.

      89,249               $          1,911,714        

CVB Financial Corporation

      62,980       1,050,506  

First Financial Bancorp

      68,215       1,485,041  

FNB Corporation

      155,341       1,801,956  

Independent Bank Group, Inc.

      33,598       1,557,267  

Old National Bancorp

             114,447       1,650,326  

Pacific Premier Bancorp, Inc.

      63,592       1,527,480  

Renasant Corporation

      49,217       1,505,056  

Sandy Spring Bancorp, Inc.

      55,457       1,440,773  

TowneBank

      70,893       1,889,298  

United Bankshares, Inc.

      32,166       1,132,243  

United Community Banks, Inc.

      85,345       2,399,901  
    

 

 

 

       19,351,561  
    

 

 

 

Insurance - 5.4%

  

American Equity Investment Life Holding Company

      53,497       1,952,106  

Kemper Corporation

      38,075       2,081,179  

Selective Insurance Group, Inc.

      39,825       3,796,517  
    

 

 

 

       7,829,802  
    

 

 

 

Specialty Finance - 1.3%

  

PRA Group, Inc. (a)

      48,329       1,882,898  
    

 

 

 

Health Care - 4.4%

 

Health Care Facilities & Services - 2.1%

  

AdaptHealth Corporation (a)

      91,979       1,143,299  

Patterson Companies, Inc.

      71,273       1,907,978  
    

 

 

 

       3,051,277  
    

 

 

 

Medical Equipment & Devices - 2.3%

  

Integer Holdings Corporation (a)

      43,434       3,366,135  
    

 

 

 

Industrials - 23.4%

 

Aerospace & Defense - 4.3%

  

AAR Corporation (a)

      66,065       3,603,846  

Moog, Inc. - Class A

      26,718       2,691,838  
    

 

 

 

       6,295,684  
    

 

 

 

CARILLON CHARTWELL SMALL CAP VALUE FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
COMMON STOCKS - 99.3%  (Continued)    Shares   Value
Industrials - 23.4% (Continued)  

Commercial Support Services - 3.0%

  

Korn Ferry

      39,624               $          2,050,146        

UniFirst Corporation

      13,067       2,302,797  
    

 

 

 

       4,352,943  
    

 

 

 

Electrical Equipment - 1.8%

  

nVent Electric plc

      59,981       2,575,584  
    

 

 

 

Engineering & Construction - 4.2%

  

Dycom Industries, Inc. (a)

      33,319       3,120,325  

Parsons Corporation (a)

      65,731       2,940,805  
    

 

 

 

       6,061,130  
    

 

 

 

Industrial Intermediate Products - 1.3%

  

EnPro Industries, Inc.

      18,854       1,958,742  
    

 

 

 

Machinery - 7.1%

  

Cactus, Inc. - Class A

      60,427       2,491,405  

Columbus McKinnon Corporation

      72,377       2,689,529  

Enovis Corporation (a)

      40,783       2,181,483  

Ichor Holdings Ltd. (a)

      15,055       492,901  

Mueller Water Products, Inc. - Series A

             181,762       2,533,762  
    

 

 

 

       10,389,080  
    

 

 

 

Transportation & Logistics - 1.7%

  

Hub Group, Inc. - Class A (a)

      28,557       2,397,075  
    

 

 

 

Materials - 4.5%

 

Chemicals - 1.3%

  

Minerals Technologies, Inc.

      31,998       1,933,319  
    

 

 

 

Construction Materials - 1.9%

  

Eagle Materials, Inc.

      19,110       2,804,393  
    

 

 

 

Containers & Packaging - 1.3%

  

TriMas Corporation

      66,107       1,841,741  
    

 

 

 

CARILLON CHARTWELL SMALL CAP VALUE FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
COMMON STOCKS - 99.3%  (Continued)    Shares   Value

Real Estate - 8.9%

 

Real Estate Owners & Developers - 1.3%

  

McGrath RentCorp

      20,372               $          1,900,911        
    

 

 

 

REITs - 7.6%

  

First Industrial Realty Trust, Inc.

      29,013       1,543,491  

Four Corners Property Trust, Inc.

      68,388       1,836,902  

Kite Realty Group Trust

             115,641       2,419,210  

Pebblebrook Hotel Trust

      83,934       1,178,433  

Ryman Hospitality Properties, Inc.

      21,764       1,952,884  

STAG Industrial, Inc.

      63,502       2,147,638  
    

 

 

 

       11,078,558  
    

 

 

 

Technology - 9.9%

 

Semiconductors - 3.4%

  

CTS Corporation

      63,729       3,152,036  

Diodes, Inc. (a)

      19,222       1,783,033  
    

 

 

 

       4,935,069  
    

 

 

 

Software - 2.9%

  

CommVault Systems, Inc. (a)

      33,176       1,882,407  

Progress Software Corporation

      41,527       2,385,726  
    

 

 

 

       4,268,133  
    

 

 

 

Technology Hardware - 3.6%

  

Fabrinet (a)

      19,381       2,301,687  

Plexus Corporation (a)

      29,561       2,884,267  
    

 

 

 

       5,185,954  
    

 

 

 

Utilities - 4.2%

 

Electric Utilities - 4.2%

  

Black Hills Corporation

      20,265       1,278,722  

NorthWestern Corporation

      36,335       2,102,343  

PNM Resources, Inc.

      54,522       2,654,131  
    

 

 

 

       6,035,196  
    

 

 

 

Total Common Stocks (Cost $115,472,665)

              $      144,343,856        
 

 

 

 

CARILLON CHARTWELL SMALL CAP VALUE FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
MONEY MARKET FUNDS - 1.4%    Shares   Value

Fidelity Institutional Money Market Government Portfolio -
Class I, 4.72% (b) (Cost $2,098,047)

          2,098,047               $          2,098,047        
    

 

 

 

Investments at Value - 100.7% (Cost $117,570,712)

 

           $      146,441,903  

Liabilities in Excess of Other Assets - (0.7%)

 

     (1,063,989 ) 
 

 

 

 

Net Assets - 100.0%

 

           $      145,377,914  
 

 

 

 

 

(a) 

Non-income producing security.

(b) 

The rate shown is the 7-day effective yield as of March 31, 2023.

CARILLON CHARTWELL SHORT DURATION HIGH YIELD FUND

SCHEDULE OF INVESTMENTS

March 31, 2023 (Unaudited)

 

 

     
CORPORATE BONDS - 94.4%    Par Value       Value
Communications - 10.5%  

AMC Networks, Inc., 5.00% due 4/1/2024

           $  2,488,000                  $          2,454,014        

Charter Communications, LLC, 4.91% due 7/23/2025

      5,220,000       5,167,907  

Sirius XM Radio, Inc., 3.13% due 9/1/2026 (a)

      6,320,000       5,700,640  

Sprint Corporation, 7.13% due 6/15/2024

      5,910,000       6,007,935  

TEGNA, Inc., 4.75% due 3/15/2026 (a)

      4,700,000       4,458,428  
    

 

 

 

       23,788,924  
    

 

 

 

Consumer Discretionary - 12.1%         

Boyd Gaming Corporation, 4.75% due 12/1/2027

      5,350,000       5,131,185  

Ford Motor Credit Company, LLC, 4.06% due 11/1/2024

      6,850,000       6,614,717  

International Game Technology plc, 6.50% due 2/15/2025 (a)

      2,121,000       2,143,228  

International Game Technology plc, 6.25% due 1/15/2027 (a)

      1,700,000       1,719,125  

Penske Automotive Group, Inc., 3.50% due 9/1/2025

      750,000       705,289  

Prime Security Services Borrower, LLC, 5.75% due 4/15/2026 (a)

      1,250,000       1,240,625  

QVC, Inc., 4.85% due 4/1/2024

      5,100,000       4,080,204  

Travel + Leisure Company, 6.60% due 10/1/2025

      2,306,000       2,317,486  

Wyndham Destinations, Inc., 6.63% due 7/31/2026 (a)

      3,300,000       3,312,820  
    

 

 

 

       27,264,679  
    

 

 

 

Consumer Staples - 3.6%         

Albertsons Companies, Inc., 3.25% due 3/15/2026 (a)

      6,065,000       5,707,135  

Clearwater Paper Corporation, 5.38% due 2/1/2025 (a)

      2,500,000       2,424,522  
    

 

 

 

       8,131,657  
    

 

 

 

Energy - 9.4%         

DCP Midstream Operating, L.P., 5.38% due 7/15/2025

      5,415,000       5,388,366  

New Fortress Energy, Inc., 6.75% due 9/15/2025 (a)

      5,145,000       4,952,063  

Sunoco, L.P., 6.00% due 4/15/2027

      3,570,000       3,524,615  

Sunoco, L.P., 5.88% due 3/15/2028

      2,085,000       2,001,600  

Western Midstream Operations, L.P., 3.35% due 2/1/2025

      5,645,000       5,392,640  
    

 

 

 

       21,259,284  
    

 

 

 

Financials - 14.9%         

Icahn Enterprises, L.P., 4.75% due 9/15/2024

      5,600,000       5,462,291  

Navient Corporation, 6.13% due 3/25/2024

      2,525,000       2,499,371  

NMI Holdings, Inc., 7.38% due 6/1/2025 (a)

      5,100,000       5,106,669  

OneMain Finance Corporation, 6.13% due 3/15/2024

      3,785,000       3,687,139  

OneMain Finance Corporation, 6.88% due 3/15/2025

      1,430,000       1,385,677  

CARILLON CHARTWELL SHORT DURATION HIGH YIELD FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
CORPORATE BONDS - 94.4%  (Continued)    Par Value       Value
Financials - 14.9% (Continued)  

SLM Corporation, 4.20% due 10/29/2025

           $  2,300,000                  $          2,070,000        

SLM Corporation, 3.13% due 11/2/2026

      3,678,000       3,126,300  

Starwood Property Trust, Inc., 4.75% due 3/15/2025

      1,795,000       1,688,197  

Starwood Property Trust, Inc., 3.63% due 7/15/2026 (a)

      4,362,000       3,624,735  

StoneX Group, Inc., 8.63% due 6/15/2025 (a)

      5,000,000       5,025,205  
    

 

 

 

       33,675,584  
    

 

 

 

Health Care - 3.9%         

Centene Corporation, 4.25% due 12/15/2027

      5,910,000       5,693,930  

HCA, Inc., 5.38% due 2/1/2025

      2,650,000       2,651,109  

Teva Pharmaceuticals, 3.15% due 10/1/2026

      180,000       162,900  

Teva Pharmaceuticals, 6.00% due 4/15/2024

      350,000       350,000  
    

 

 

 

       8,857,939  
    

 

 

 

Industrials - 15.9%         

ADT Corporation (The), 4.13% due 6/15/2023

      738,000       734,423  

Arconic Corporation, 6.00% due 5/15/2025 (a)

      5,515,000       5,515,000  

Crown Americas, LLC, 4.75% due 2/1/2026

      5,780,000       5,628,709  

GFL Environmental, Inc., 4.25% due 6/1/2025 (a)

      5,745,000       5,605,569  

Howmet Aerospace, Inc., 5.13% due 10/1/2024

      2,496,000       2,506,209  

Howmet Aerospace, Inc., 6.88% due 5/1/2025

      2,411,000       2,502,871  

TransDigm, Inc., 6.25% due 3/15/2026 (a)

      5,535,000       5,540,037  

WESCO Distribution, Inc., 7.13% due 6/15/2025 (a)

      5,265,000       5,351,609  

XPO Logistics, Inc., 6.25% due 5/1/2025 (a)

      2,507,000       2,485,845  
    

 

 

 

       35,870,272  
    

 

 

 

Materials - 3.5%         

Ball Corporation, 4.00% due 11/15/2023

      1,420,000       1,403,204  

Ball Corporation, 5.25% due 7/1/2025

      4,095,000       4,067,653  

Mercer International, Inc., 5.50% due 1/15/2026

      2,410,000       2,347,364  
    

 

 

 

       7,818,221  
    

 

 

 

Real Estate - 11.2%         

Brookfield Property REIT, Inc., 4.50% due 4/1/2027 (a)

      4,700,000       3,771,750  

GLP Capital, L.P./GLP Financing II, Inc., 5.25% due 6/1/2025

      1,410,000       1,376,529  

GLP Capital, L.P./GLP Financing II, Inc., 5.38% due 4/15/2026

      4,080,000       3,959,434  

Hilton Domestic Operating Company, Inc., 5.38% due 5/1/2025 (a)

      5,055,000       5,045,522  

SBA Communications Corporation, 3.88% due 2/15/2027

      5,970,000       5,635,879  

CARILLON CHARTWELL SHORT DURATION HIGH YIELD FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
CORPORATE BONDS - 94.4%  (Continued)    Par Value       Value
Real Estate - 11.2% (Continued)         

VICI Properties, L.P., 4.25% due 12/1/2026 (a)

           $  5,930,000                  $          5,532,786        
    

 

 

 

       25,321,900  
    

 

 

 

Technology - 7.2%         

Seagate HDD Cayman, 4.75% due 6/1/2023

      1,480,000       1,472,777  

Seagate HDD Cayman, 4.88% due 3/1/2024

      3,900,000       3,851,250  

Sensata Technologies B.V., 5.63% due 11/1/2024 (a)

      1,785,000       1,779,688  

Sensata Technologies B.V., 5.00% due 10/1/2025 (a)

      3,755,000       3,727,495  

Western Digital Corporation, 4.75% due 2/15/2026

      5,500,000       5,277,000  
    

 

 

 

       16,108,210  
    

 

 

 

Utilities - 2.2%         

AmeriGas Partners, L.P./AmeriGas Financial Corporation,
5.63% due 5/20/2024

      3,575,000       3,503,500  

AmeriGas Partners, L.P./AmeriGas Financial Corporation,
5.88% due 8/20/2026

      1,550,000       1,482,838  
    

 

 

 

       4,986,338  
    

 

 

 

Total Corporate Bonds (Cost $221,701,578)

 

          $      213,083,008        
 

 

 

 

    

 

 

  
     
MONEY MARKET FUNDS - 4.3%        Shares           Value

Fidelity Institutional Money Market Government Portfolio -
Class I, 4.72% (b) (Cost $9,609,410)

      9,609,410            $          9,609,410  
    

 

 

 

Investments at Value - 98.7% (Cost $231,310,988)

 

          $      222,692,418  

Other Assets in Excess of Liabilities - 1.3%

 

     3,036,087  
 

 

 

 

Net Assets - 100.0%

 

          $      225,728,505  
 

 

 

 

 

(a) 

144A - Securities are purchased under Rule 144A of the Securities Act of 1933 or are private placement and, unless registered under the Securities Act of 1933 or exempted from registration, generally may only be sold to qualified institutional buyers. The total value of such securities is $89,770,496 as of March 31, 2023, representing 39.8% of net assets.

  
(b) 

The rate shown is the 7-day effective yield as of March 31, 2023.

 

CARILLON CHARTWELL SMALL CAP GROWTH FUND

SCHEDULE OF INVESTMENTS

March 31, 2023 (Unaudited)

 

 

     
COMMON STOCKS - 95.5%        Shares           Value
Communications - 1.4%  

Internet Media & Services - 1.4%

  

Integral Ad Science Holding Corporation (a)

      16,826                  $             240,107        
    

 

 

 

Consumer Discretionary - 14.0%  

Apparel & Textile Products - 4.2%

  

Capri Holdings Ltd. (a)

      7,040       330,880  

Crocs, Inc. (a)

      1,846       233,408  

Oxford Industries, Inc.

      1,288       136,000  
    

 

 

 

       700,288  
    

 

 

 

Automotive - 0.6%

  

Modine Manufacturing Company (a)

      4,188       96,534  
    

 

 

 

Leisure Facilities & Services - 9.2%

  

Bloomin’ Brands, Inc.

      8,119       208,252  

Boyd Gaming Corporation

      9,945       637,673  

Century Casinos, Inc. (a)

                14,421       105,706  

Churchill Downs, Inc.

      738       189,703  

Melco Resorts & Entertainment Ltd. - ADR (a)

      18,457       234,958  

Wyndham Hotels & Resorts, Inc.

      2,359       160,058  
    

 

 

 

       1,536,350  
    

 

 

 

Consumer Staples - 1.9%  

Household Products - 1.9%

  

e.l.f. Beauty, Inc. (a)

      3,950       325,282  
    

 

 

 

Energy - 6.4%  

Oil & Gas Producers - 4.3%

  

Civitas Resources, Inc.

      1,687       115,290  

Denbury, Inc. (a)

      1,237       108,398  

Matador Resources Company

      1,980       94,347  

Northern Oil and Gas, Inc.

      3,780       114,723  

PDC Energy, Inc.

      1,742       111,801  

Vitesse Energy, Inc.

      8,389       159,643  
    

 

 

 

       704,202  
    

 

 

 

CARILLON CHARTWELL SMALL CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
COMMON STOCKS - 95.5%  (Continued)        Shares           Value
Energy - 6.4% (Continued)  

Oil & Gas Services & Equipment - 0.7%

  

ChampionX Corporation

      4,420            $             119,915        
    

 

 

 

Oil Field Services - 0.3%

  

TETRA Technologies, Inc. (a)

                18,798             49,815  
    

 

 

 

Renewable Energy - 1.1%

  

Array Technologies, Inc. (a)

      6,870       150,315  

Green Plains, Inc. (a)

      1,031       31,951  
    

 

 

 

       182,266  
    

 

 

 

Financials - 3.2%

 

Banking - 1.1%

  

Pinnacle Financial Partners, Inc.

      1,889       104,197  

Wintrust Financial Corporation

      1,087       79,297  
    

 

 

 

       183,494  
    

 

 

 

Insurance - 1.1%

  

Selective Insurance Group, Inc.

      1,846       175,979  
    

 

 

 

Specialty Finance - 1.0%

  

FTAI Aviation Ltd.

      2,411       67,412  

International Money Express, Inc. (a)

      4,054       104,512  
    

 

 

 

       171,924  
    

 

 

 

Health Care - 23.2%

 

Biotech & Pharma - 9.0%

  

Biohaven Ltd. (a)

      3,332       45,515  

Biomea Fusion, Inc. (a)

      1,135       35,197  

CymaBay Therapeutics, Inc. (a)

      6,586       57,430  

Cytokinetics, Inc. (a)

      3,091       108,772  

Establishment Labs Holdings, Inc. (a)

      2,108       142,796  

Halozyme Therapeutics, Inc. (a)

      3,341       127,593  

Immunovant, Inc. (a)

      3,059       47,445  

Insmed, Inc. (a)

      1,787       30,468  

IVERIC bio, Inc. (a)

      7,543       183,521  

Liquidia Corporation (a)

      4,612       31,869  

Roivant Sciences Ltd. (a)

      6,779       50,029  

United Therapeutics Corporation (a)

      1,323       296,299  

CARILLON CHARTWELL SMALL CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
COMMON STOCKS - 95.5%  (Continued)        Shares           Value
Health Care - 23.2% (Continued)  

Biotech & Pharma - 9.0% (Continued)

  

VIking Therapeutics, Inc. (a)

      7,162                  $             119,247        

Viridian Therapeutics, Inc. (a)

      4,619       117,508  

Xenon Pharmaceuticals, Inc. (a)

                  3,047       109,052  
    

 

 

 

       1,502,741  
    

 

 

 

Health Care Facilities & Services - 4.5%

  

Acadia Healthcare Company, Inc. (a)

      2,748       198,543  

NeoGenomics, Inc. (a)

                11,667       203,122  

Tenet Healthcare Corporation (a)

      5,737       340,893  
    

 

 

 

       742,558  
    

 

 

 

Medical Equipment & Devices - 9.7%

  

Axonics, Inc. (a)

      3,021       164,826  

BELLUS Health, Inc. (a)

      5,312       38,246  

Inspire Medical Systems, Inc. (a)

      467       109,311  

Lantheus Holdings, Inc. (a)

      3,900       321,984  

Merit Medical Systems, Inc. (a)

      7,442       550,336  

Natera, Inc. (a)

      5,347       296,865  

Tandem Diabetes Care, Inc. (a)

      3,048       123,779  
    

 

 

 

       1,605,347  
    

 

 

 

Industrials - 16.4%

 

Commercial Support Services - 1.3%

  

Huron Consulting Group, Inc. (a)

      2,682       215,552  
    

 

 

 

Engineering & Construction - 3.0%

  

Dycom Industries, Inc. (a)

      398       37,273  

WillScot Mobile Mini Holdings Corporation (a)

      9,842       461,393  
    

 

 

 

       498,666  
    

 

 

 

Industrial Intermediate Products - 1.6%

  

Timken Company (The)

      3,329       272,046  
    

 

 

 

Industrial Support Services - 4.2%

  

Applied Industrial Technologies, Inc.

      1,793       254,839  

H&E Equipment Services, Inc.

      2,035       90,008  

Herc Holdings, Inc.

      1,755       199,894  

SiteOne Landscape Supply, Inc. (a)

      1,048       143,440  
    

 

 

 

       688,181  
    

 

 

 

CARILLON CHARTWELL SMALL CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
COMMON STOCKS - 95.5%  (Continued)        Shares           Value

Industrials - 16.4% (Continued)

 

Machinery - 6.3%

  

Lincoln Electric Holdings, Inc.

      1,703                  $             287,977        

Oshkosh Corporation

      2,914       242,387  

Terex Corporation

      3,258       157,622  

Valmont Industries, Inc.

      1,110       354,401  
    

 

 

 

       1,042,387  
    

 

 

 

Materials - 4.8%

 

Chemicals - 2.9%

  

Avient Corporation

      4,913       202,219  

Cabot Corporation

      1,823       139,715  

Valvoline, Inc.

      3,852       134,589  
    

 

 

 

       476,523  
    

 

 

 

Metals & Mining - 1.9%

  

Livent Corporation (a)

                10,297       223,651  

MP Materials Corporation (a)

      3,280       92,463  
    

 

 

 

       316,114  
    

 

 

 

Real Estate - 2.0%

 

REITs - 2.0%

  

Ryman Hospitality Properties, Inc.

      3,715       333,347  
    

 

 

 

Technology - 21.5%

 

Semiconductors - 7.0%

  

Aehr Test Systems (a)

      3,352       103,979  

Allegro MicroSystems, Inc. (a)

      8,116       389,487  

Impinj, Inc. (a)

      2,462       333,650  

MACOM Technology Solutions Holdings, Inc. (a)

      3,833       271,530  

Synaptics, Inc. (a)

      554       61,577  
    

 

 

 

       1,160,223  
    

 

 

 

Software - 9.2%

  

Calix, Inc. (a)

      6,027       322,987  

Grid Dynamics Holdings, Inc. (a)

      5,568       63,809  

Manhattan Associates, Inc. (a)

      4,130       639,530  

Nutanix, Inc. - Class A (a)

      8,263       214,755  

Rapid7, Inc. (a)

      2,613       119,963  

Tenable Holdings, Inc. (a)

      3,460       164,385  
    

 

 

 

       1,525,429  
    

 

 

 

CARILLON CHARTWELL SMALL CAP GROWTH FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
COMMON STOCKS - 95.5%  (Continued)        Shares           Value

Technology - 21.5% (Continued)

 

Technology Hardware - 1.6%

  

Harmonic, Inc. (a)

      3,798                  $               55,413        

Plexus Corporation (a)

      1,462       142,647  

Super Micro Computer, Inc. (a)

      685       72,987  
    

 

 

 

       271,047  
    

 

 

 

Technology Services - 3.7%

  

Everi Holdings, Inc. (a)

                  8,065       138,315  

ExlService Holdings, Inc. (a)

      1,350       218,471  

HealthEquity, Inc. (a)

      2,151       126,285  

ICF International, Inc.

      1,149       126,045  
    

 

 

 

       609,116  
    

 

 

 

Utilities - 0.7%

 

Electric Utilities - 0.7%

  

Excelerate Energy, Inc. - Class A

      5,013       110,988  
    

 

 

 

Total Common Stocks (Cost $13,189,675)

 

          $        15,856,421  
 

 

 

 

    
    
     
MONEY MARKET FUNDS - 4.1%        Shares           Value

Fidelity Institutional Money Market Government Portfolio - Class I,
4.72% (b) (Cost $675,539)

              675,539                  $             675,539        
    

 

 

 

Investments at Value - 99.6% (Cost $13,865,214)

 

          $        16,531,960  

Other Assets in Excess of Liabilities - 0.4%

 

     75,612  
 

 

 

 

Net Assets - 100.0%

 

          $        16,607,572  
 

 

 

 

 

(a) 

Non-income producing security.

(b) 

The rate shown is the 7-day effective yield as of March 31, 2023.

 

ADR

    - American Depositary Receipt

CARILLON CHARTWELL SHORT DURATION BOND FUND

SCHEDULE OF INVESTMENTS

March 31, 2023 (Unaudited)

 

 

     
CORPORATE BONDS - 52.8%    Par Value   Value
Communications - 2.9%         

AT&T, Inc., 0.90% due 3/25/2024

      $        45,000              $               43,045        

Comcast Corporation, 5.25% due 11/7/2025

      40,000       40,871  

Walt Disney Company (The), 1.75% due 1/13/2026

      25,000       23,433  

WarnerMedia Holdings, Inc., 3.43% due 3/15/2024 (b)

      10,000       9,770  

WarnerMedia Holdings, Inc., 6.41% due 3/15/2026

      170,000       170,858  

WarnerMedia Holdings, Inc., 3.76% due 3/15/2027 (b)

      110,000       103,590  
    

 

 

 

       391,567  
    

 

 

 

Consumer Discretionary - 3.0%         

Aptiv plc/Aptiv Corporation, 2.40% due 2/18/2025

      15,000       14,288  

AutoNation, Inc., 3.50% due 11/15/2024

      50,000       48,387  

Ford Motor Credit Company, LLC, 4.06% due 11/1/2024

      100,000       96,565  

General Motors Financial Company, Inc., 1.70% due 8/18/2023

      110,000       108,305  

Genuine Parts Company, 1.75% due 2/1/2025

      25,000       23,619  

Marriott International, 4.90% due 4/15/2029

      85,000       84,255  

Toyota Motor Credit Corporation, 0.50% due 8/14/2023

      25,000       24,561  
    

 

 

 

       399,980  
    

 

 

 

Consumer Staples - 0.9%         

Clearwater Paper Corporation, 5.38% due 2/1/2025 (b)

      65,000       63,038  

JBS USA Lux S.A., 5.13% due 2/1/2028 (b)

      65,000       62,772  
    

 

 

 

       125,810  
    

 

 

 

Energy - 2.6%         

DCP Midstream Operating, L.P., 5.38% due 7/15/2025

      100,000       99,508  

Energy Transfer Partners, L.P., 4.50% due 11/1/2023

      50,000       49,567  

New Fortress Energy, Inc., 6.75% due 9/15/2025 (b)

      82,000       78,925  

Summit Midstream Holdings, LLC/Summit Midstream Finance Corporation, 8.50% due 10/15/2026 (b)

      50,000       48,000  

Western Midstream Operations, L.P., 3.35% due 2/1/2025

      75,000       71,647  
    

 

 

 

       347,647  
    

 

 

 

Financials - 19.7%         

Ares Capital Corporation, 4.25% due 3/1/2025

      100,000       94,474  

Bank of America Corporation, 0.98% (SOFR + 91), due 9/25/2025 (a)

      100,000       93,309  

CARILLON CHARTWELL SHORT DURATION BOND FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
CORPORATE BONDS - 52.8%  (Continued)    Par Value   Value
Financials - 19.7% (Continued)         

Bank of America Corporation, 5.58% (3MO LIBOR + 77), due 2/5/2026 (a)

      $        85,000              $               84,910        

Bank of Montreal, 0.95% due 1/22/2027

      25,000       22,336  

Bank of New York Mellon Corporation (The), 5.22% due 11/21/2025

      100,000       99,854  

Canadian Imperial Bank of Commerce, 3.50% due 9/13/2023

      75,000       74,258  

Citigroup, Inc., 3.35% (3MO LIBOR + 89.66), due 4/24/2025 (a)

      115,000       112,079  

Goldman Sachs Group, Inc., 3.50% due 11/16/2026

      75,000       71,628  

Goldman Sachs Group, Inc., 3.69% due 6/5/2028 (a)

      140,000       132,613  

Icahn Enterprises, L.P., 4.75% due 9/15/2024

      100,000       97,541  

JPMorgan Chase & Company, 2.60% due 2/24/2026

      75,000       71,077  

JPMorgan Chase & Company, 1.04% (SOFR + 69.5), due 2/4/2027 (a)

      175,000       156,205  

Keybank National Association, 0.43% due 6/14/2024 (a)

      75,000       72,557  

Mitsubishi UFJ Financial Group, Inc., 0.96% due 10/11/2025

      70,000       65,194  

Morgan Stanley, 5.18% due 11/10/2023 (a)

      185,000       184,561  

Morgan Stanley, 0.73% (SOFR + 61.6), due 4/5/2024 (a)

      100,000       99,971  

Morgan Stanley, 2.19% (SOFR + 199), due 4/28/2026 (a)

      25,000       23,457  

Navient Corporation, 7.25% due 9/25/2023

      55,000       54,814  

Navient Corporation, 6.13% due 3/25/2024

      75,000       74,239  

NMI Holdings, Inc., 7.38% due 6/1/2025 (b)

      105,000       105,137  

OneMain Finance Corporation, 6.13% due 3/15/2024

      125,000       121,768  

Owl Rock Capital Corporation, 4.00% due 3/30/2025

      80,000       74,583  

Royal Bank of Canada, 0.50% due 10/26/2023

      150,000       145,923  

Starwood Property Trust, Inc., 4.75% due 3/15/2025

      125,000       117,563  

State Street Corporation, 2.20% (SOFR + 73), due 2/7/2028 (a)

      160,000       145,629  

StoneX Group, Inc., 8.63% due 6/15/2025 (b)

      100,000       100,504  

Truist Financial Corporation, 4.87% due 1/26/2029 (a)

      75,000       73,130  

Wells Fargo & Company, 1.65% (SOFR + 160), due 6/2/2024 (a)

      75,000       74,517  
    

 

 

 

       2,643,831  
    

 

 

 

Health Care - 3.9%         

Amgen, Inc., 5.15% due 3/2/2028

      110,000       112,312  

CARILLON CHARTWELL SHORT DURATION BOND FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
CORPORATE BONDS - 52.8%  (Continued)    Par Value   Value
Health Care - 3.9% (Continued)         

Elevance Health, Inc., 2.38% due 1/15/2025

      $        70,000              $               67,009        

CVS Health Corporation, 2.63% due 8/15/2024

      50,000       48,471  

CVS Health Corporation, 5.00% due 2/20/2026

      85,000       85,955  

Thermo Fischer Scientific, Inc., 1.22% due 10/18/2024

      175,000       166,101  

UnitedHealth Group, Inc., 0.55% due 5/15/2024

      50,000       47,690  
    

 

 

 

       527,538  
    

 

 

 

Industrials - 7.3%         

Arconic Corporation, 6.00% due 5/15/2025 (b)

      125,000       125,000  

Boeing Company (The), 1.43% due 2/4/2024

      100,000       96,615  

Canadian Pacific Railway Ltd., 1.35% due 12/2/2024

      50,000       47,109  

Caterpillar Financial Services Corporation, 5.37% (3MO LIBOR + 51), due 5/15/2023 (a)

      225,000       224,792  

CNH Industrial Capital, LLC, 1.95% due 7/2/2023

      50,000       49,516  

Crown Americas, LLC, 4.75% due 2/1/2026

      25,000       24,346  

Hillenbrand, Inc., 5.75% due 6/15/2025

      60,000       59,850  

John Deere Capital Corporation, 4.80% due 1/9/2026

      100,000       101,529  

Quanta Services, Inc., 0.95% due 10/1/2024

      125,000       116,586  

WESCO Distribution, Inc., 7.13% due 6/15/2025 (b)

      100,000       101,645  

XPO Logistics, Inc., 6.25% due 5/1/2025 (b)

      26,000       25,780  
    

 

 

 

       972,768  
    

 

 

 

Materials - 0.8%         

EIDP, Inc., 1.70% due 7/15/2025

      50,000       46,958  

Mercer International, Inc., 5.50% due 1/15/2026

      65,000       63,311  
    

 

 

 

       110,269  
    

 

 

 

Real Estate - 1.4%         

Brookfield Property REIT, Inc., 4.50% due 4/1/2027 (b)

      36,000       28,890  

Simon Property Group, L.P., 3.50% due 9/1/2025

      50,000       48,209  

Simon Property Group, L.P., 1.38% due 1/15/2027

      130,000       114,345  
    

 

 

 

       191,444  
    

 

 

 

Technology - 5.9%         

Arrow Electronics, Inc., 6.13% due 3/1/2026

      50,000       50,115  

Dell International, LLC/EMC Corporation, 5.25% due 2/1/2028

      100,000       100,972  

Hewlett Packard Enterprise Company, 1.75% due 4/1/2026

      115,000       105,735  

Intel Corporation, 3.75% due 8/5/2027

      25,000       24,427  

Intel Corporation, 4.88% due 2/10/2028

      125,000       127,010  

CARILLON CHARTWELL SHORT DURATION BOND FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
CORPORATE BONDS - 52.8%  (Continued)    Par Value   Value
Technology - 5.9% (Continued)         

International Business Machines Corporation (The), 4.50% due 2/6/2028

      $      160,000              $             160,011        

NVIDIA Corporation, 0.31% due 6/15/2023

      55,000       54,501  

Oracle Corporation, 5.80% due 11/10/2025

      45,000       46,123  

salesforce.com, Inc., 0.63% due 7/15/2024

      60,000       56,987  

VMware, Inc., 1.00% due 8/15/2024

      75,000       70,781  
    

 

 

 

       796,662  
    

 

 

 

Utilities - 4.4%         

American Electric Power, 0.75% due 11/1/2023

      155,000       151,323  

American Electric Power, 5.29% due 11/1/2023

      30,000       29,866  

Dominion Energy, Inc., 5.40% (3MO LIBOR + 53), due 9/15/2023 (a)

      78,000       77,711  

Duke Energy Corporation, 5.00% due 12/8/2025

      150,000       151,008  

NSG Holdings, LLC, 7.75% due 12/15/2025 (b)

      64,268       63,304  

OGE Energy Corporation, 0.70% due 5/26/2023

      112,000       111,214  
    

 

 

 

       584,426  
    

 

 

 

Total Corporate Bonds (Cost $7,234,808)

             $          7,091,942  
    

 

 

 

    

 

 

  
     
ASSET-BACKED SECURITIES - 1.8%    Par Value   Value

CCG Receivables Trust, Series 2021-2, 0.54% due 3/14/2029 (b)

      $        80,317              $               76,930  

DLLMT, LLC, Series 2021-1, 1.00% due 7/21/2025 (b)

      90,000       86,349  

GS Mortgage Securities Trust, Series 2022-PJ4, 3.00% due 9/25/2052 (b)

      91,888       81,148  
    

 

 

 

Total Asset-Backed Securities (Cost $250,278)

             $             244,427  
    

 

 

 

    

 

 

  
     
MORTGAGE-BACKED SECURITIES - 1.0%    Par Value   Value
Agency Fixed Rate - 1.0%      

Federal Home Loan Mortgage Corporation 3.25%, due 5/17/2024

      $        25,000              $               24,578  

Federal Home Loan Mortgage Corporation 4.00%, due 5/17/2027

      25,000       24,414  

Federal National Mortgage Association 5.60%, due 11/25/2025

      85,000       84,885  
    

 

 

 

Total Mortgage-Backed Securities (Cost $135,000)

 

          $             133,877  
 

 

 

 

CARILLON CHARTWELL SHORT DURATION BOND FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 40.1%    Par Value   Value
Federal Farm Credit Bank - 2.3%      

Federal Farm Credit Bank, 4.47%, due 6/22/2028

      $        25,000              $               24,513        

Federal Farm Credit Bank, 5.48%, due 10/25/2027

      125,000       124,700  

Federal Farm Credit Bank, 5.87%, due 10/24/2029

      35,000       34,876  

Federal Farm Credit Bank, 5.65%, due 6/28/2030

      130,000       130,179  
    

 

 

 

       314,268  
    

 

 

 

Federal Home Loan Bank - 3.3%      

Federal Home Loan Bank, 1.00%, due 6/14/2024

      55,000       52,625  

Federal Home Loan Bank, 0.65%, due 10/25/2024

      75,000       70,729  

Federal Home Loan Bank, 1.00%, due 11/22/2024

      50,000       47,337  

Federal Home Loan Bank, 1.25%, due 12/20/2024

      30,000       28,485  

Federal Home Loan Bank, 1.25%, due 10/26/2026

      100,000       90,754  

Federal Home Loan Bank, 1.50%, due 11/23/2026

      30,000       27,348  

Federal Home Loan Bank, 1.90%, due 2/17/2027

      25,000       23,093  

Federal Home Loan Bank, 2.75%, due 3/25/2027

      55,000       52,164  

Federal Home Loan Bank, 3.50%, due 4/26/2027

      25,000       24,180  

Federal Home Loan Bank, 4.50%, due 7/26/2027

      25,000       24,616  
    

 

 

 

       441,331  
    

 

 

 

U.S. Treasury Inflation-Protected Notes - 0.6%      

U.S. Treasury Inflation-Protected Notes, 0.13%, due 4/15/2027

      79,428       75,651  
    

 

 

 

U.S. Treasury Notes - 33.9%      

U.S. Treasury Notes, 0.25%, due 9/30/2023

      155,000       151,670  

U.S. Treasury Notes, 0.75%, due 12/31/2023

      275,000       266,954  

U.S. Treasury Notes, 0.25%, due 6/15/2024

      15,000       14,264  

U.S. Treasury Notes, 0.38%, due 9/15/2024

      400,000       377,922  

U.S. Treasury Notes, 4.25%, due 9/30/2024

      600,000       599,320  

U.S. Treasury Notes, 0.75%, due 11/15/2024

      550,000       519,943  

U.S. Treasury Notes, 1.00%, due 12/15/2024

      345,000       326,928  

U.S. Treasury Notes, 2.13%, due 5/15/2025

      175,000       168,233  

U.S. Treasury Notes, 3.13%, due 8/15/2025

      370,000       363,048  

U.S. Treasury Notes, 0.38%, due 11/30/2025

      375,000       342,070  

U.S. Treasury Notes, 1.50%, due 8/15/2026

      30,000       27,845  

U.S. Treasury Notes, 1.63%, due 9/30/2026

      140,000       130,304  

U.S. Treasury Notes, 1.50%, due 1/31/2027

      670,000       616,243  

CARILLON CHARTWELL SHORT DURATION BOND FUND

SCHEDULE OF INVESTMENTS (Continued)

 

 

     
U.S. GOVERNMENT & AGENCY OBLIGATIONS - 40.1%  (Continued)    Par Value   Value
U.S. Treasury Notes - 33.9% (continued)      

U.S. Treasury Notes, 4.13%, due 9/30/2027

      $      630,000              $             641,862        
    

 

 

 

       4,546,606  
    

 

 

 

Total U.S. Government & Agency Obligations (Cost $5,400,692)

 

          $          5,377,856  
 

 

 

 

    

 

 

  
     
MONEY MARKET FUNDS - 3.5%    Shares   Value

Fidelity Institutional Money Market Government Portfolio -
Class I, 4.72% (c) (Cost $464,487)

      464,487            $             464,487  
    

 

 

 

Investments at Value - 99.2% (Cost $13,485,265)

 

          $        13,312,589  

Other Assets in Excess of Liabilities - 0.8%

 

     113,266  
 

 

 

 

Net Assets - 100.0%

 

          $        13,425,855  
 

 

 

 

 

(a) 

Variable rate security. Interest rate resets periodically. The rate shown is the effective interest rate as of March 31, 2023. For securities based on a published reference rate and spread, the reference rate and spread (in basis points) are indicated parenthetically. Certain variable rate securities are not based on a published reference rate and spread but are determined by the issuer or agent and are based on current market conditions. These securities, therefore, do not indicate a reference rate and spread.

(b) 

144A - Securities are purchased under Rule 144A of the Securities Act of 1933 or are private placement and, unless registered under the Securities Act of 1933 or exempted from registration, generally may only be sold to qualified institutional buyers. The total value of such securities is $1,160,782 as of March 31, 2023, representing 8.6% of net assets.

(c) 

The rate shown is the 7-day effective yield as of March 31, 2023.

LIBOR - London Interbank offered Rate

SOFR - Secured Overnight Financing Rate